Futures Close Report 10th September

Aussie wheat forecast lowered by just under 13% as east coast drought curbs output.   ABARES previous forecast was for 21.9 million tonnes with the latest figure put at 19.1 million tonnes for 18/19 season.  Normally Australia exports around two thirds of its total production.

French maize crop forecast down tp 12.4 million tonnes down 12.8 % on last year. Soft Wheat estimate seen at 34.5 million tonnes for the year.